Owned by Asia Myanmar Shining Star Company, the five-star Wyndham Grand Yangon Royal Lake will be part of the mixed-use Kantharyar Centre Project at the southern fringe of Yangon’s popular Kandawgyi Lake. The US$157 million complex will include a residential building, serviced apartments, an office tower and a retail center.
The new hotel will add to Wyndham Hotel Group’s presence in Southeast Asia and the Pacific Rim, which currently consists of more than 60 hotels already open under the Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Microtel Inn & Suites by Wyndham® and TRYP by Wyndham® brand flags. More than 60 properties are currently under development in the region.
Elsewhere in Asia, the company recently announced plans to expand in China with the opening of eight new Ramada hotels and three new-construction Wyndham® properties over the next four years.
“With more than three million visitors in 2014, Myanmar is growing in popularity among business and leisure travelers, and we continue to be at the forefront of emerging markets,” said Barry Robinson, Wyndham Hotel Group South East Asia and Pacific Rim’s president and managing director. “The country’s rich culture, political stability and recent tourism efforts, including the expansion of its e-Visa program and the construction of a new international airport, will continue to help draw more visitors, creating greater demand for high-quality, internationally recognized hotel brands like Wyndham.”
“We are proud to partner with Wyndham Hotel Group on this landmark project and bring the prestigious Wyndham Grand® brand to Myanmar. We will invest around US$70 million in the hotel. The ground work for Phase 1 of the development is complete and we anticipate the whole project will be finalized by 2017,” said Kyaw Khaing, a spokesperson of Asia Myanmar Shining Star Company.
About Wyndham Hotels and Resorts
Part of Wyndham Hotel Group, Wyndham Hotels and Resorts, LLC, offers upscale hotel and resort accommodations at more than 200 properties throughout the United States, Canada, Mexico, Central and South America, the Caribbean, Europe, the Middle East and China. Most Wyndham® hotels are franchised by Wyndham Hotels and Resorts, LLC, with the exception of certain Wyndham hotels which are or owned or managed by one if its affiliates. Additional information and reservations for all Wyndham hotels are available by visiting www.wyndham.com. Travelers have the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program, which can be joined for free at www.wyndhamrewards.com.
Wyndham Grand® Hotels and Resorts are an ensemble of distinguished hotels within the Wyndham Hotels and Resorts® brand that represent one-of-a-kind experiences in key destinations with refined accommodation, attentive service and relaxed surroundings. For more information, visit www.wyndhamgrand.com.
Wyndham Hotel Group is the world’s largest hotel company based on number of hotels, encompassing approximately 7,700 properties and over 668,500 rooms in 71 countries. Additional information is available at www.wyndhamworldwide.com. For more information about hotel franchising opportunities visit www.whgdevelopment.com.